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30 January, 11:08

Which of the following are relevant to a firm's decision to increase output: (a) short-run average total cost (b) short-run marginal cost, (c) long-run average total cost

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  1. 30 January, 11:17
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    Answer:B

    Explanation:

    A firm that is maximizing its profit will increase production if the marginal cost is less than the marginal revenue.
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